Page 74 - Introduction to Investment Laws in Thailand

The alien or juristic person who is compelled to
dispose of the apartment under the first paragraph shall
notify in writing the Competent Official within the period
of sixty days from the date the cause of such disposition
that has occurred under the first paragraph.

For the case of (1), only the apartments
exceeding the designated proportion shall be disposed;
for the case of (2), (3), (4) and (5), all the apartments
owned shall be disposed.

The disposition of apartments under the third
paragraph shall be made within a period of not
exceeding one year from the date of acquisition of
ownership of such apartments, or the date of revocation
of permission to have residence in the Kingdom, or the
invalidation of the residence certificate or the date of
being ordered deported or de the date of revocation by
the Board of Investment of permission to stay in the
Kingdom, or the date of revocation of promotion
certificate as the case may be. If the disposition is not
made within the said period, the Director-General of
Land Department shall have the power to dispose of such
apartment, and the provisions regarding the compulsion
of disposition of land under Chapter 3 of the Land Code
and the Ministerial Regulations issued there under shall
be applied to the disposition of such apartment mutatis
mutandis.

Section 19/6 (sex) Where the authorised official issues an
order to revoke the permission for aliens to have residence in the
Kingdom, or where the facts appear to the official that the
residence certificate of the alien is no longer valid for the alien
as specified in Section 19 (1), (2) or (5) out of the Kingdom, or
issues an order revoking the permission for the alien as specified
in Section 19 (2) for staying in the Kingdom, or issues an order
revoking promotion certificate for the juristic person as specified

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